Condensed Statement Of Financial Position Of Laporte Corporation
The condensed statement of financial position of Laporte Corporation reports the following amounts:
Statement of Financial Position (partial)
June 30, 2015
Total assets $16,164,500
Total liabilities $5,934,500
Shareholders’ equity Common shares, unlimited
number authorized, 419,800 issued $2,099,000
Retained earnings 8,131,000 10,230,000
Total liabilities and shareholders’ equity $16,164,500
The common shares are currently trading for $30 per share. Laporte wants to assess the impact of three possible alternatives
(a) Determine the impact of each alternative on (1) assets, (2) liabilities, (3) common shares, (4) retained earnings, (5) total shareholders’ equity, and (6) the number of shares.
(b) Identify the advantages and disadvantages of each alternative for the company.
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